Manpower Requirement

For investors the most important aspect they consider before investing in a company is the management team. An experienced team helps in the growth of a business.

The team should know about the target market, competitors, goal, and the path of achieving the goal. An organizational chart should be made to decide the manpower required by the company. This organizational chart should describe:

•  Number of departments and managers required by the company
•  Skills required in employees and what role will they play in the company
•  Investors also consider the back-up plan i.e. in case someone who owns thembusiness dies then who is going to repay the loans or runs the business
•  Number of employees required in the company – part time and full time. As well as how many number of employees your company may require in next few years.
•  How the employees will be appointed.
•  Organization chart also consist of cost section which explains the salary of each employee, employee benefits and costs, and the cost of employee training, if planned.
•  General section explains the expenditure incurred in outsourcing the work.